15 steps to incorporating in Mozambique

The processes of incorporating a company in Mozambique and opening a corporate bank account is straightforward and can be completed in five weeks. Our Client will not have to travel to the country provided a Power of Attorney is granted to Healy Consultants to complete all procedures on our Client’s behalf. The procedures are as follows:

Corporate structure: Our team and the Client agree on the following: i) proposed business activity ii) proposed company names (in order of preference) iii) share capital amount and iv) license requirements;

Power of attorney: Healy Consultants emails our Client the draft power of attorney document (in Portuguese) for their signature, notarization and email return;

Name reservation: Healy Consultants thereafter i) performs a company name search with the Legal Entities Registrar of Maputo, ii) reserves the available name for the Client’s company and iii) obtains a certificate of uniqueness name.

Incorporation procedure

Personal tax number: Healy Consultants Group PLC proceeds to secure the personal tax numbers for the foreign directors of the proposed company;

Social contract: Healy Consultants emails our Client the Articles of Association (in Portuguese) for their signature, notarization and email return;

Corporate bank account opening: Healy Consultants banking team i) opens a provisional corporate bank account with a leading bank in Mozambique ii) requests our Client to deposits the initial share capital and iii) obtains a verification of deposit. Some of the banks we work with include Barclays bank, Standard Bank, First National Bank and Banc ABC;

Company Incorporation: Healy Consultants submits all the documents to the Legal Entities Registrar of Maputo to initiate the company incorporation process;

Healy Consultants incorporation team thereafter i) obtains a commercial registry certificate, and ii) publishes the new company statues in the Official Gazette (Boletins da República).

Post-incorporation procedure

Tax registration: Following company incorporation, Healy Consultants registers our Client’s new company for corporate tax with the Mozambique Tax Department (Repartição de Finanças) and obtains a Unique Tax Identification Number (NUIT);

Business Operating License application: Thereafter, we apply for a simplified business operating license at the One-Stop Service Counter. Documents required include i) a copy of the company registration certificate, ii) Client personal due diligence documents and iii) copy of issuance of NUIT;

Declaration of Commencement of Business Activity: Healy Consultants will then proceed to declare the commencement of the business activity of our Client’s company with Mozambique Tax Department (Repartição de Finanças);

Alternatively, if our Client is not keen to commence business operations immediately, Healy Consultants Group PLC prepares and submits a letter to the Tax Office informing them of the same and to avoid monthly Government penalties;

Employment Registration: Our incorporation team i) declares the commencement of business activity and register our Client’s prospective employees with the Provincial Directorate of Labour, and ii) with the National Institute of Social Security (INSS) social security;

Engagement Completion: The Client engagement is now complete. Healy Consultants couriers a full company and banking kit to our Client, which includes the company’s original corporate documents, unopened bank correspondences and a Client feedback survey.

Frequently asked questions

How long does it take to incorporate a Mozambique company?

According to Healy Consultants’ Mozambique company incorporation specialists, Mozambique incorporation timeline average one month from the submission of a complete Mozambique business incorporation application.

I do not have yet an office in Mozambique. Is it a problem for Mozambique incorporation?

No, Mozambique incorporation service provider can incorporate a Mozambique company by using the registered address of Healy Consultants’ affiliate office address in Mozambique. Due to government requirements, our fee for such service is however higher in Mozambique than in most other countries.

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Testimonial

“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

“Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner.”

Terry Skews, CEO Brittany Offshore Limited

“Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team.”

“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director Streamlyn Pte. Ltd.

“Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain.”

“When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now.”

Timothy F Kauffman, CEO Trivector Services

“Finding the right partner was critical for VESL’s expansion in Asia and working with Healy Consultants has made this possible.”

“Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years.”

Susan Gunnery, Managing Director Qudoss Group

“Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details.”